www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com PTT cuts spending plans http://www.upstreamonline.com/live/article1358558.ece Thai energy giant PTT said it plans to cut its 2014 investment budget by as much as 30% to 60 billion baht ($1.86 billion) as the country's ongoing political unrest delays the launch of new projects. (News Wires) http://www.upstreamonline.com/live/article1358558.ece Wed, 16 Apr 2014 07:02:29 +0000 live IGSS takes a loss http://www.upstreamonline.com/live/article1358557.ece Russia’s IG Seismic Services moved to a loss in 2013 as capital expenditure took a 77% jump and revenue eased off. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358557.ece Wed, 16 Apr 2014 06:59:12 +0000 live PA dips into the red http://www.upstreamonline.com/live/article1358551.ece Sweden’s PA Resources fell into the red during the first three months of the year as revenues slipped on lower production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1358551.ece Wed, 16 Apr 2014 06:33:08 +0000 live Technip, Heerema cash in on Kaombo http://www.upstreamonline.com/epaper/article1358547.ece French company Technip and joint venture partner Heerema Marine Contractors have won a lucrative $3.5 billion contract with Total Exploration & Production Angola. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358547.ece Wed, 16 Apr 2014 06:03:25 +0000 epaper Brent eases on mixed Chinese data http://www.upstreamonline.com/live/article1358545.ece Brent crude edged towards $109 a barrel on Wednesday, coming off a six-week high as mixed Chinese data and a gradual resumption of Libyan oil exports offset support from the Ukraine crisis. (News Wires) http://www.upstreamonline.com/live/article1358545.ece Wed, 16 Apr 2014 04:03:34 +0000 live Shale to continue to boost US output http://www.upstreamonline.com/live/article1358544.ece Output from the Bakken and Permian shale oil formations should rise by 650,000 barrels per day by the end of 2015 to 3.1 million barrels, according to energy intelligence group Genscape. (News Wires) http://www.upstreamonline.com/live/article1358544.ece Wed, 16 Apr 2014 03:36:29 +0000 live Sterling closes gap http://www.upstreamonline.com/epaper/article1358543.ece Calgary-based Sterling Resources has closed its yearly loss for 2013, posting a loss of $31.2 million. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358543.ece Wed, 16 Apr 2014 02:56:53 +0000 epaper CIMC delivers second COSL jack-up http://www.upstreamonline.com/epaper/article1358541.ece Chinese yard CIMC Raffles has delivered a jack-up drilling rig to China Oilfield Services Limited (COSL), the second of three jack-up rigs the yard is scheduled to deliver to China’s top offshore drilling service provider in the first half of this year. (Xu Yihe) http://www.upstreamonline.com/epaper/article1358541.ece Wed, 16 Apr 2014 02:56:04 +0000 epaper Ezion lands $78.7m in new work http://www.upstreamonline.com/epaper/article1358540.ece Singapore’s Ezion Holdings has won two contracts to provide service rigs worth a combined US$78.7 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358540.ece Wed, 16 Apr 2014 02:36:25 +0000 epaper Rig hit by heavy seas http://www.upstreamonline.com/live/article1358539.ece The crew of semi-submersible rig Ensco 8506 continues to pump incoming seawater out of its breached ballast tanks after one of the hull columns sustained damage yesterday in rough seas in the deep-water Gulf of Mexico. (Anthony Guegel), bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358539.ece Wed, 16 Apr 2014 02:03:03 +0000 live Strike and AGL settle dispute http://www.upstreamonline.com/epaper/article1358538.ece Australian duo Strike Energy and Australian Gasfields Ltd (AGL) have resolved issues which would have seen the latter turfed out of PEL 96 in the South Australian Cooper basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358538.ece Wed, 16 Apr 2014 01:57:04 +0000 epaper WHL, Ophir farm-in moves ahead http://www.upstreamonline.com/epaper/article1358537.ece Australia’s WHL Energy has signed official documentation for the farm-in with Ophir Energy in the Seychelles to go ahead. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358537.ece Wed, 16 Apr 2014 00:16:21 +0000 epaper Second company accused of defrauding Citigroup http://www.upstreamonline.com/live/article1358536.ece Oil services provider Evya is the second Mexican company implicated for having fraudulent loans linked to Citigroup, according to a spokesperson at state-owned Pemex. (News Wires) http://www.upstreamonline.com/live/article1358536.ece Wed, 16 Apr 2014 00:14:55 +0000 live Crude rises on Ukraine tension http://www.upstreamonline.com/live/article1358534.ece Benchmark Brent oil rose slightly on Tuesday after news that Ukrainian armed forces launched military operations in the east of the country, though gains were limited by the prospect of a resumption of oil exports from Libya. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358534.ece Tue, 15 Apr 2014 23:12:19 +0000 live Athlon ups drilling budget after Permian buy http://www.upstreamonline.com/epaper/article1358533.ece Permian basin player Athlon Energy has increased its drilling budget by more than $100 million in order to develop a major new acquisition in West Texas. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358533.ece Tue, 15 Apr 2014 23:03:56 +0000 epaper US takes step towards regulating methane http://www.upstreamonline.com/live/article1358532.ece US environmental regulators made a move on Tuesday towards a broader strategy to address climate change, releasing a series of technical papers that will inform how or if the government will limit methane emissions from oil and gas companies. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358532.ece Tue, 15 Apr 2014 22:02:49 +0000 live Gastar back to full Marcellus production http://www.upstreamonline.com/epaper/article1358531.ece US independent Gastar Exploration has resumed full production from its Marcellus properties after previously shutting in all operations due to a broken pipeline. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358531.ece Tue, 15 Apr 2014 19:25:04 +0000 epaper Report: Oil sector Canada's biggest polluter http://www.upstreamonline.com/epaper/article1358530.ece Increased development of the Alberta oil sands has pushed the oil and gas industry to the top of the list of greenhouse-gas producing sectors in Canada, according to a report by Environment Canada. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358530.ece Tue, 15 Apr 2014 18:46:05 +0000 epaper US announces new Western Gulf lease sale http://www.upstreamonline.com/live/article1358521.ece The US Bureau of Ocean Energy Management (BOEM) has put on offer more than 21 million acres of offshore oil and gas leases in the western Gulf of Mexico off Texas for an auction that will be held in August this year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358521.ece Tue, 15 Apr 2014 17:10:48 +0000 live Iraq ‘approves Daewoo Zubair deal’ http://www.upstreamonline.com/live/article1358513.ece Daewoo Engineering & Construction has won approval from Iraqi authorities for its $588.8 million gas and oil separation plant (GOSP) contract at the giant Zubair field, according to a report. (News Wires) http://www.upstreamonline.com/live/article1358513.ece Tue, 15 Apr 2014 15:39:08 +0000 live Lamprell nets $390m Ensco rig orders http://www.upstreamonline.com/epaper/article1358503.ece United Arab Emirates-based yard Lamprell has scooped an order from Ensco for up to four jack-up rigs. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1358503.ece Tue, 15 Apr 2014 13:40:12 +0000 epaper S Sudan rebels issue oil ultimatum http://www.upstreamonline.com/live/article1358502.ece Oil companies have been ordered to shut in production and evacuate staff from fields near a South Sudan oil patch that has reportedly been seized by rebels following gun battles. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358502.ece Tue, 15 Apr 2014 13:32:07 +0000 live Majors 'unruffled' at Rosneft sanctions risk http://www.upstreamonline.com/epaper/article1358500.ece Majors Statoil and BP are insisting it is business as usual with Russian state-owned partner Rosneft amid escalating tension in Ukraine that could risk increased sanctions against the Kremlin, according to reports. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1358500.ece Tue, 15 Apr 2014 12:50:01 +0000 epaper Davidson plans Noble exit http://www.upstreamonline.com/live/article1358498.ece Charles Davidson is to retire next year as chairman and chief executive of Noble Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358498.ece Tue, 15 Apr 2014 12:24:39 +0000 live Sinopec buys Lukoil Kazakh fields for $1.2bn http://www.upstreamonline.com/live/article1358489.ece Russian independent Lukoil has sold its 50% stake in Kazakh venture Caspian Investment Resources to China’s Sinopec for $1.2 billion. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1358489.ece Tue, 15 Apr 2014 11:16:07 +0000 live Providence stock jumps on farmout rumours http://www.upstreamonline.com/epaper/article1358484.ece Shares in Dublin’s Providence Resources have jumped almost 10% after it confirmed it was in commercial discussions on a farmout at its Barryroe oilfield off Ireland’s southern coast. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1358484.ece Tue, 15 Apr 2014 10:24:12 +0000 epaper EnerMech makes $6.7m acquisitions http://www.upstreamonline.com/live/article1358476.ece UK engineering specialist EnerMech has acquired US crane company Diversified Oil Field Service and South African valve specialist Control Valve Technology for a total of around £4 million. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1358476.ece Tue, 15 Apr 2014 09:47:45 +0000 live Statoil extends DeepWell deal http://www.upstreamonline.com/live/article1358470.ece Well services outfit DeepWell has secured a two-year contract extension worth Nkr300 million ($50.3 million) with Statoil for wireline work off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1358470.ece Tue, 15 Apr 2014 08:52:35 +0000 live Tangiers Petroleum hires new boss http://www.upstreamonline.com/epaper/article1358468.ece Australia’s Tangiers Petroleum has hired David Wall as its new managing director two months after executive chairman Eve Powell stepped down having lost the confidence of the company’s owners. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1358468.ece Tue, 15 Apr 2014 08:44:12 +0000 epaper Angola turns round wheels http://www.upstreamonline.com/epaper/article1358467.ece Angola is set to launch a tender next month for 10 onshore exploration blocks in the Lower Congo and Kwanza basins. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1358467.ece Tue, 15 Apr 2014 08:37:48 +0000 epaper Talisman 'stalls' on Yme concept http://www.upstreamonline.com/live/article1358466.ece Talisman Energy has reportedly delayed a new concept decision on the Yme field off Norway – and has not ruled out that the problematic project could be shelved altogether. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1358466.ece Tue, 15 Apr 2014 08:01:45 +0000 live Wood Group in software buy http://www.upstreamonline.com/live/article1358462.ece Services giant Wood Group has added to its stable with the purchase of Texas-based technology player Cape Software. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358462.ece Tue, 15 Apr 2014 07:13:34 +0000 live Prosafe gets Safe Hibernia extension http://www.upstreamonline.com/epaper/article1358457.ece Accommodation rig specialist Prosafe has received another extension for the Safe Hibernia which will see it continue to operate in the Gulf of Mexico. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358457.ece Tue, 15 Apr 2014 07:02:00 +0000 epaper Aker in Kaombo subsea award http://www.upstreamonline.com/epaper/article1358456.ece Aker Solutions has secured a lucrative Nkr14 billion ($2.3 billion) contract to deliver the subsea production system for Total’s ultra-deepwater Kaombo field project off Angola. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1358456.ece Tue, 15 Apr 2014 06:50:36 +0000 epaper Ruspetro gets licence extension http://www.upstreamonline.com/live/article1358440.ece London-listed Ruspetro has received a 20-year extension on its Vostochno-Inginsky licence in Western Siberia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1358440.ece Tue, 15 Apr 2014 06:38:33 +0000 live Brent drops off http://www.upstreamonline.com/live/article1358439.ece Brent crude futures dropped below $109 per barrel following a six-week high, as investors looked ahead to a meeting in Geneva that they hoped would bring a political resolution to the escalating crisis in Ukraine. (News Wires) http://www.upstreamonline.com/live/article1358439.ece Tue, 15 Apr 2014 05:35:08 +0000 live Pertamina sees output grow http://www.upstreamonline.com/live/article1358438.ece Indonesia’s state-run Pertamina has seen a 4% increase in production during the first three months of the year. (News Wires) http://www.upstreamonline.com/live/article1358438.ece Tue, 15 Apr 2014 03:58:38 +0000 live Encana to spinoff Alberta royalty lands http://www.upstreamonline.com/live/article1358437.ece Canadian gas producer Encana has filed a preliminary prospectus for the spinoff of its wholly owned properties in Western Canada as it continues a restructuring aimed at boosting profit while gas prices remain low. (News Wires) http://www.upstreamonline.com/live/article1358437.ece Tue, 15 Apr 2014 02:52:59 +0000 live Peak delineates http://www.upstreamonline.com/live/article1358436.ece Australia-listed Peak Oil & Gas has shored up a number of leads based on a seismic survey over the South Block A in Indonesia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358436.ece Tue, 15 Apr 2014 02:03:39 +0000 live More woes for AWE off New Zealand http://www.upstreamonline.com/epaper/article1358435.ece Australian operator AWE has hit more troubles while drilling the Pateke-4H well off New Zealand, forcing it to drill a second sidetrack. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358435.ece Tue, 15 Apr 2014 01:53:29 +0000 epaper Santos incident interrupts logging http://www.upstreamonline.com/epaper/article1358432.ece Australia’s Santos has put testing at the Mt Kitty-1 well in the Amadeus basin on hold, after an incident occurred at the well. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358432.ece Tue, 15 Apr 2014 00:54:42 +0000 epaper Neon exits Vietnam blocks http://www.upstreamonline.com/epaper/article1358431.ece Australian company Neon Energy has reportedly withdrawn from two blocks in Vietnam after missing payments. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358431.ece Tue, 15 Apr 2014 00:26:40 +0000 epaper US gas falls on strong production http://www.upstreamonline.com/live/article1358430.ece US natural gas futures fell 1.3% on Monday, pressured by high gas production that offset the impact of a shot of cold Canadian air that will push near-freezing temperatures as far south as Texas and the South-east, boosting heating demand briefly this week. (News Wires) http://www.upstreamonline.com/live/article1358430.ece Mon, 14 Apr 2014 23:14:26 +0000 live Italy gov't taps Descalzi for CEO gig http://www.upstreamonline.com/epaper/article1358429.ece The Italian government has proposed a veteran of Eni to be the operator's new chief executive, likely ending Paolo Scaroni's tenure after three terms at the head of the state-owned company. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358429.ece Mon, 14 Apr 2014 22:53:10 +0000 epaper Shale oil production on the rise http://www.upstreamonline.com/live/article1358428.ece US oil production from shale plays is likely to rise by 65,000 barrels per day this month and a further 70,000 bpd in May, new federal data showed. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358428.ece Mon, 14 Apr 2014 22:09:39 +0000 live Rousseff defends Petrobras against critics http://www.upstreamonline.com/live/article1358427.ece Brazilian President Dilma Rousseff on Monday lashed out at critics of Petrobras, saying accusations of corruption, cost-overruns and stagnation at the state-run oil company were politically motivated, according to a report. (News Wires) http://www.upstreamonline.com/live/article1358427.ece Mon, 14 Apr 2014 21:52:31 +0000 live ConocoPhillips' LNG export permit renewed http://www.upstreamonline.com/live/article1358426.ece US independent ConocoPhillips said it has been approved to export liquefied natural gas from its Kenai Peninsula facility in Alaska to all countries. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358426.ece Mon, 14 Apr 2014 21:01:53 +0000 live Goodrich soars on TMS hit http://www.upstreamonline.com/epaper/article1358425.ece Shares of Goodrich Petroleum soared more than 30% after the company reported one of the best wells drilled in the emerging Tuscaloosa Marine shale play at a cheaper cost than any previous successful well. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358425.ece Mon, 14 Apr 2014 18:01:07 +0000 epaper Nabors splits CEO and chairman roles http://www.upstreamonline.com/live/article1358424.ece US driller Nabors Industries will split the roles of chairman of the board and chief executive once the tenure of current boss Anthony Petrello comes to an end. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358424.ece Mon, 14 Apr 2014 16:46:57 +0000 live Oilex sees gas at Cambay 77H http://www.upstreamonline.com/epaper/article1358423.ece Australian explorer Oilex has said it believes its Cambay-77H tight gas well onshore India has found a hydrocarbon-bearing reservoir section. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1358423.ece Mon, 14 Apr 2014 14:52:26 +0000 epaper Total drops only Polish shale licence http://www.upstreamonline.com/epaper/article1358420.ece French oil major Total has allowed its only Polish shale gas licence to lapse, although it remains interested in the play. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1358420.ece Mon, 14 Apr 2014 14:00:06 +0000 epaper Statoil faces AGM green challenge http://www.upstreamonline.com/epaper/article1358411.ece Statoil’s board is calling on shareholders to vote against proposals by green groups for the Norwegian state-owned giant to exit Canada’s oil sands and halt Arctic drilling work at its annual general meeting next month. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1358411.ece Mon, 14 Apr 2014 12:33:59 +0000 epaper Glencore in Caracal takeover http://www.upstreamonline.com/epaper/article1358406.ece Glencore is taking over London-listed explorer Caracal Energy in a $1.3 billion deal that also kyboshes another proposed $700 million corporate move. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1358406.ece Mon, 14 Apr 2014 11:46:52 +0000 epaper CNR gets safety rap over Tiffany fires http://www.upstreamonline.com/epaper/article1358403.ece The UK’s offshore safety watchdog has served a prohibition notice against CNR International following two fires on the Tiffany platform in the central North Sea. (Rob Watts) http://www.upstreamonline.com/epaper/article1358403.ece Mon, 14 Apr 2014 11:40:30 +0000 epaper Encana sells LNG interests in US http://www.upstreamonline.com/live/article1358402.ece Encana is selling its liquefied natural gas assets in the US to a Texas-based player in a deal that has seen financial details kept under wraps. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358402.ece Mon, 14 Apr 2014 11:34:45 +0000 live Libya's Zawiya terminal re-opens: report http://www.upstreamonline.com/live/article1358401.ece Libya's western Zawiya oil port and its adjoining 120,000-barrel-a-day capacity refinery are back in operation, according to a report. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/live/article1358401.ece Mon, 14 Apr 2014 11:04:21 +0000 live Kazakhstan strives to offset Kashagan shut-in http://www.upstreamonline.com/epaper/article1358397.ece Kazakhstan’s government said it wants to offset the absence of production from the giant Kashagan oil project by increasing output at other fields by at least 30,000 barrels per day. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/epaper/article1358397.ece Mon, 14 Apr 2014 10:36:55 +0000 epaper Topaz wins West Africa charter http://www.upstreamonline.com/live/article1358400.ece Topaz Energy & Marine has secured a $11 million charter for one of its platform supply vessels to be deployed off West Africa. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1358400.ece Mon, 14 Apr 2014 10:31:53 +0000 live Mosman moves toward NZ drilling http://www.upstreamonline.com/live/article1358392.ece London-listed newcomer Mosman Oil & Gas has gained landowner approvals for a pair of wells at its onshore oil project Petroleum Creek in New Zealand. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1358392.ece Mon, 14 Apr 2014 10:01:18 +0000 live Drydocks nets jack-up order http://www.upstreamonline.com/epaper/article1358375.ece United Arab Emirates-based yard Drydocks World has scooped an order for two jack-up rigs from Malta Oil & Gas. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1358375.ece Mon, 14 Apr 2014 08:57:51 +0000 epaper Aptomar cash boost for spill detection http://www.upstreamonline.com/epaper/article1358373.ece Norwegian marine oil spill detection player Aptomar has received a “significant” capital injection from a new investor to bolster its technology offering, focusing on key areas such as the eco-sensitive Arctic and offshore Brazil. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1358373.ece Mon, 14 Apr 2014 08:22:37 +0000 epaper Prosafe gains UK charter at Judy http://www.upstreamonline.com/live/article1358371.ece Norwegian flotel contractor Prosafe has gained a four-month contract with US oil major ConocoPhillips to deploy its accommodation unit Safe Bristolia at the Judy field in the UK North Sea. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1358371.ece Mon, 14 Apr 2014 08:21:07 +0000 live Baron Oil in Colombia farm-out http://www.upstreamonline.com/live/article1358370.ece Latin America-focused explorer Baron Oil has swiftly farmed out a large chuck of a block in Colombia just after taking over full control. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358370.ece Mon, 14 Apr 2014 07:51:25 +0000 live GDF Suez in Pemex MoU http://www.upstreamonline.com/epaper/article1358368.ece Mexican state oil company Pemex and France’s GDF Suez have signed a memorandum of understanding to collaborate on energy projects in the North American nation. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1358368.ece Mon, 14 Apr 2014 07:24:11 +0000 epaper BW pulls plug on Polvo pact http://www.upstreamonline.com/epaper/article1358367.ece BW Offshore has decided to pull the plug on a proposed deal to acquire a stake in the Polvo field off Brazil from HRT. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1358367.ece Mon, 14 Apr 2014 07:16:54 +0000 epaper KCA nets Hebron drilling deal http://www.upstreamonline.com/live/article1358363.ece KCA Deutag has scooped a drilling and maintenance project for ExxonMobil’s Hebron project off Canada. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358363.ece Mon, 14 Apr 2014 07:09:38 +0000 live San Leon drops Turkish deal http://www.upstreamonline.com/live/article1358366.ece London-listed San Leon Energy has walked away from a $4 million share purchase agreement that would have seen it take a majority stake in Alpay Energy as looks to focus on Poland. Bill.Lehane@upstreamonline.com (Bill Lehane), Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1358366.ece Mon, 14 Apr 2014 07:05:18 +0000 live Total reaches Kaombo FID http://www.upstreamonline.com/epaper/article1358362.ece France-based player Total has reached final investment decision on the ultra-deepwater offshore Kaombo project in Angola. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358362.ece Mon, 14 Apr 2014 06:50:30 +0000 epaper Hoegh upgrades http://www.upstreamonline.com/live/article1358355.ece Bermuda-based Hoegh Liquefied Natural Gas has upsized its $400 million senior secured credit facility, to add more to the kitty. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358355.ece Mon, 14 Apr 2014 05:51:59 +0000 live Brent up on Ukraine pressure http://www.upstreamonline.com/live/article1358354.ece Brent futures rose and hovered near $108 per barrel on Monday amid worsening geopolitical tensions over Ukraine that has raised the risk of a military confrontation between Ukraine and Russia. (News Wires) http://www.upstreamonline.com/live/article1358354.ece Mon, 14 Apr 2014 05:23:24 +0000 live Former DOC chief wins injunction http://www.upstreamonline.com/epaper/article1358353.ece The former chief executive of Daya Offshore Construction (DOC) has won an injunction against his former company’s parent company, Daya Materials. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358353.ece Mon, 14 Apr 2014 04:41:05 +0000 epaper Kuwait signs agreements http://www.upstreamonline.com/live/article1358352.ece Netherlands-based Royal Dutch Shell and UK player BP have signed deals to supply liquefied natural gas to Kuwait, according to a Kuwait Petroleum Corporation official. (News Wires) http://www.upstreamonline.com/live/article1358352.ece Mon, 14 Apr 2014 03:14:25 +0000 live Horizon gets nod for Stanley development http://www.upstreamonline.com/epaper/article1358351.ece The Papua New Guinea government has approved Horizon Oil’s Stanley gas condensate development project in the Western Province. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358351.ece Mon, 14 Apr 2014 02:40:30 +0000 epaper Ramba gets Lemang number http://www.upstreamonline.com/live/article1358350.ece Singapore-listed Ramba Energy has received an independent report from RISC Operations regarding its assets in Indonesia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358350.ece Mon, 14 Apr 2014 02:34:22 +0000 live Promising signs for LAR in Guatemala http://www.upstreamonline.com/epaper/article1358327.ece Latin American Resources (LAR) has encountered oil shows while drilling the Atzam-5 well on Block 1-2005 in Guatemala’s South Peten basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358327.ece Mon, 14 Apr 2014 01:43:07 +0000 epaper Sunbird-1 optimism fades http://www.upstreamonline.com/epaper/article1358308.ece UK operator BG Group is unlikely to commercially develop its Sunbird-1 discovery due to the size of the discovery. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358308.ece Mon, 14 Apr 2014 00:59:25 +0000 epaper Kitimat residents say no to Northern Gateway http://www.upstreamonline.com/live/article1358307.ece Residents of the British Columbia town of Kitimat voted against the Northern Gateway pipeline project in a blow to Enbridge's efforts to expedite the flow of crude from Canada's landlocked oil sands to high-paying markets in Asia. (News Wires) http://www.upstreamonline.com/live/article1358307.ece Mon, 14 Apr 2014 00:54:46 +0000 live Tensions rise in Ukraine as "gas war" looms http://www.upstreamonline.com/live/article1358304.ece Ukraine has given pro-Russian separatists a Monday morning deadline to disarm or face a "full-scale anti-terrorist operation" by its armed forces, raising the risk of a military confrontation with Moscow, as the conflict threatens to drag Europe into a “gas war”. (News Wires) http://www.upstreamonline.com/live/article1358304.ece Mon, 14 Apr 2014 00:27:28 +0000 live LNG Ltd signs on EPC player http://www.upstreamonline.com/epaper/article1358306.ece Australia’s Liquefied Natural Gas Limited has struck a service agreement with a Singaporean player for work at the company’s Magnolia LNG project in Louisiana. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358306.ece Mon, 14 Apr 2014 00:27:02 +0000 epaper Parsley Energy discloses IPO plan http://www.upstreamonline.com/live/article1358303.ece US outfit Parsley Energy made public its plan to raise up to $400 million in an initial public offering of Class A common stock, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358303.ece Fri, 11 Apr 2014 22:58:55 +0000 live Police 'raid Petrobras headquarters' http://www.upstreamonline.com/live/article1358302.ece Brazil's Federal Police reportedly raided the headquarters of state-run oil company Petrobras in Rio de Janeiro on Friday as part of a money-laundering probe. (News Wires) http://www.upstreamonline.com/live/article1358302.ece Fri, 11 Apr 2014 22:47:00 +0000 live US crude nears six-week high http://www.upstreamonline.com/live/article1358301.ece US crude rose to near a six-week high on Friday, steered by stronger gasoline demand and a positive consumer confidence report, but gains were capped by profit taking and a declining demand outlook. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358301.ece Fri, 11 Apr 2014 22:31:56 +0000 live Pennsylvania gas compressor gets OK http://www.upstreamonline.com/live/article1358300.ece Energy regulators on Friday approved Equitrans' plan to add a compressor in Pennsylvania that will enable the company to transport more gas from the Marcellus shale to markets in the North-east and Mid-Atlantic US. (News Wires) http://www.upstreamonline.com/live/article1358300.ece Fri, 11 Apr 2014 22:12:35 +0000 live Tillerson sees compensation drop in 2013 http://www.upstreamonline.com/epaper/article1358298.ece ExxonMobil chief executive Rex Tillerson saw his total compensation fall by 30% in 2013 to $28.1 million, the company said. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358298.ece Fri, 11 Apr 2014 21:50:45 +0000 epaper Batista probed on 'insider trading' http://www.upstreamonline.com/epaper/article1358297.ece Brazilian securities regulator believes that flamboyant former billionaire Eike Batista may have engaged in insider trading, according to local reports. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358297.ece Fri, 11 Apr 2014 21:29:12 +0000 epaper Ohio beefs up permit rules amid quakes http://www.upstreamonline.com/epaper/article1358296.ece Regulators in Ohio have put in place stronger requirements for unconventional development in the US state after identifying a "probable" connection with hydraulic fracturing and recent seismic activity. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358296.ece Fri, 11 Apr 2014 20:56:38 +0000 epaper US rig count up by 13 http://www.upstreamonline.com/live/article1358295.ece The number of oil and gas rigs drilling in the US rose by 13 this week to a total of 1831, according to data from Houston-based services giant Baker Hughes. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358295.ece Fri, 11 Apr 2014 19:46:32 +0000 live North Dakota output rises despite weather http://www.upstreamonline.com/live/article1358294.ece Oil production in the US state of North Dakota rose in February to hit 950,000 barrels per day despite ongoing delays from harsh winter weather. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358294.ece Fri, 11 Apr 2014 18:03:37 +0000 live Petrobras eyes new accommodation unit http://www.upstreamonline.com/live/article1358293.ece Brazilian state-controlled company Petrobras is understood to be looking at the possibility of chartering an additional accommodation and maintenance platform to start operations later this year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1358293.ece Fri, 11 Apr 2014 16:35:56 +0000 live Range fined over Marcellus brine spill http://www.upstreamonline.com/epaper/article1358279.ece Range Resources was fined $75,000 by Pennsylvania regulators for failing to clean up a produced water spill in the Marcellus Shale after almost one year and three violation notices. (Noah Brenner) http://www.upstreamonline.com/epaper/article1358279.ece Fri, 11 Apr 2014 15:31:43 +0000 epaper Statoil gains nod for D drill http://www.upstreamonline.com/live/article1358277.ece Norwegian explorer seeks to tap structure north-east of Grane field Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1358277.ece Fri, 11 Apr 2014 15:10:19 +0000 live Centrica CEO Laidlaw ‘heading for exit’ http://www.upstreamonline.com/live/article1358272.ece Centrica boss Sam Laidlaw is to quit the parent company of British Gas by the end of the year, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358272.ece Fri, 11 Apr 2014 14:49:39 +0000 live Total 'expecting little' from Kashagan in 2014 http://www.upstreamonline.com/epaper/article1358271.ece North Caspian Operating Company partner Total has said it does not expect Kazakhstan’s giant Kashagan oilfield to yield much output this year, if it resumes at all. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/epaper/article1358271.ece Fri, 11 Apr 2014 14:08:18 +0000 epaper Linc slams 'misguided' Oz charges http://www.upstreamonline.com/epaper/article1358257.ece Linc Energy has hit out at what it calls "misguided" charges filed against it by Australian authorities over alleged environmental damage at a pilot underground coal gasification (UCG) plant in Queensland. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1358257.ece Fri, 11 Apr 2014 12:17:35 +0000 epaper M&A holds up despite Asian 'pause' http://www.upstreamonline.com/epaper/article1358262.ece Mergers and acquisitions activity remained in line with recent times during the first quarter as new entrants made up for a pause in activity by Asian national oil companies, according to a new analysis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1358262.ece Fri, 11 Apr 2014 12:12:03 +0000 epaper Yasuni signatures ‘should force vote’ http://www.upstreamonline.com/epaper/article1358259.ece Environmentalist in Ecuador claim to have gathered enough backing to force a referendum on oil exploration in a remote and Unesco-sponsored Amazonian park. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1358259.ece Fri, 11 Apr 2014 10:59:15 +0000 epaper Crimea crisis to hit Russian oil demand http://www.upstreamonline.com/live/article1358258.ece Russia’s oil demand is forecast to drop this year on fallout from the Ukraine crisis that is set to hit economic growth, according to the International Energy Agency (IEA). Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1358258.ece Fri, 11 Apr 2014 10:40:11 +0000 live Canada 'may see power shift left' http://www.upstreamonline.com/epaper/article1358252.ece Canadian oil & gas could be set to lose one of its biggest cheerleaders next year with the potential defeat of Prime Minister Stephen Harper, according to a new analysis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1358252.ece Fri, 11 Apr 2014 10:26:35 +0000 epaper Tutu calls for oil industry boycott http://www.upstreamonline.com/live/article1358248.ece Nobel peace prize winner Archbishop Desmond Tutu has called for an “anti-apartheid-style” boycott campaign against fossil fuel companies as he lashed out at the Keystone XL pipeline plan in the US in particular over the climate change crisis. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358248.ece Fri, 11 Apr 2014 09:42:29 +0000 live Putin in EU gas ultimatum http://www.upstreamonline.com/epaper/article1358246.ece Russian President Vladimir Putin has warned European leaders that gas supplies to the continent could be cut off unless they step in to help Ukraine settle its mounting debt for unpaid deliveries. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1358246.ece Fri, 11 Apr 2014 09:25:34 +0000 epaper